Back to Blog
Token metrics7/1/2023 Ratings and price predictions are provided for informational and illustrative purposes, and may not reflect actual future performance. Additionally, Token Metrics Media LLC does not provide tax advice, and investors are encouraged to consult with their personal tax advisors.Īll investing involves risk, including the possible loss of money you invest, and past performance does not guarantee future performance. Token Metrics Media LLC relies on information from various sources believed to be reliable, including clients and third parties, but cannot guarantee the accuracy and completeness of that information. A complete list of their advisory roles and current holdings can be viewed here: The Token Metrics team has advised and invested in many blockchain companies. Information contained herein is not an offer or solicitation to buy, hold, or sell any security. Token Metrics Media LLC does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments nor is Token Metrics Advisers LLC registered as an investment adviser or broker-dealer in any jurisdiction. Despite this uptrend, the overall trend remained bearish, as indicated by the Relative Strength Index (RSI) line.Token Metrics Media LLC is a regular publication of information, analysis, and commentary focused especially on blockchain technology and business, cryptocurrency, blockchain-based tokens, market trends, and trading strategies. Is your portfolio green? Check out the Arbitrum Profit CalculatorĪt the time of writing, ARB was trading at approximately $1.1, representing a modest 3% increase in value. However, it is essential to note that the token’s existence is relatively short. Since its launch, the daily timeframe chart indicated that ARB had consistently fluctuated below the $2 mark. ARB shows different prospectsĭespite the considerable activity on the Arbitrum network, its native token, ARB, has struggled to surpass the $1 price range. As of this writing, Arbitrum’s TVL stood at over $1.4 billion, placing it ahead of prominent chains such as Polygon and Solana. Notably, the network’s liquidity and volume significantly determined its Total Value Locked (TVL). Within that timeframe, the volume exceeded $283 million over the last seven days, it reached an impressive $1.72 billion.įurthermore, the cumulative volume accumulated by the chain surpassed $90 billion. As of this writing, Arbitrum had secured the third-highest volume in the past 24 hours. Source: DefiLlama Volume and TVL ahead of major chainsīesides its remarkable liquidity flow, Arbitrum demonstrated a robust level of activity based on the overall volume metric provided by DefiLlama. However, when observing the seven-day Netflow, a noteworthy negative netflow of over 128 million USDC was observed, indicating the highest outflow among the top chains. Its 24-hour Netflow displayed a positive trend, surpassing 7 million USDC. □ /pPH3dsILRQĪs of this writing, Arbitrum boasted the highest deposits among the top chains, with over 57 million USDC, per DefiLlama rankings. $ARB just experienced its largest net daily outflow of liquidity.Ī total of $113.88 million in withdrawals were processed. By analyzing prices via machine learning, Token Metrics provides a perspective removed from the market’s constant state of frenzy. The company's platform is a data-driven investment research platform for cryptocurrency and its related indices and investments, enabling investors to leverage analytics and machine learning to become better investors. Over 113 million USDCs were processed on the network during this timeframe. Developer of an investment, research, and media platform designed to take cryptocurrency investing mainstream. Likewise, in a Twitter post, Emperor Osmo highlighted that Arbitrum recorded an outflow of over 51 million USD Coin in the last 24 hours. Read Arbitrum’ s Price Prediction 2023-24Ģ5 May witnessed a significant milestone for Arbitrum, as it experienced its largest net daily liquidity outflow, according to DefiLlama. Collection of top AI tools to use for different tasks.
0 Comments
Read More
Leave a Reply. |